Buying Investment Property – Is it Right For Me?

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Smart Buy – Take Advantage of Jacksonville Foreclosure Market

If you are contemplating buying a foreclosure as your new home or looking for investment opportunities in the Jacksonville area, now is the prime time. While some home owners are having troubles keeping their mortgage payments current, it is a great opportunity for buyers to find their new home or investment property.

Who Should Buy A Foreclosure?There really is no wrong answer to this question. Whether you are a first time homebuyer, looking to trade up, or scale down, this could be a buying opportunity that may not last. Now is the time to take advantage of low interest rates and falling home prices.

It’s also a smart time for investors. The Buy & Hold strategy is the common type of property investment strategy where a property is bought and rented out for the sole purpose of making capital gains and return on income. It’s a medium to long term venture and money is made as the property value increases and your rental income eventually becomes more than your expenses and monthly mortgage.

Use A ProfessionalWhile the process may make you hesitate, working with a Realtor® who is knowledgeable and experienced in handling foreclosures can make the process a worthwhile experience. Each lender has different policies and procedures on selling their foreclosures and having someone with the expertise to handle the contracts and terms will be needed for writing a successful offer.

Use the Facts to Your AdvantageIn October 2012, although foreclosures were down 12.8 percent in the Jacksonville Metro area from October 2011, Florida still has the nation’s highest foreclosure rate for the second month in a row.

According to RealtyTrac Inc., this means that one in every 24 homes is under foreclosure; 1,724 homes vs. 1,977 in October 2011. While the total is down, it’s still an opportune time to take advantage of the market.

The Sellin’ with CC TeamWhether you are deciding to buy a foreclosure as your home or buying for an investment property, the Sellin’ With CC Team are licensed Realtor’s® with Keller Williams Jacksonville Realty and certified to successfully guide you through the process.

The first step is finding the potential foreclosures that fit your criteria. Start receiving these listings by registering at www.jacksonville-home-search.com. We can help you decide which are the best foreclosures suited for your needs.

If you need some advice on whether to stay in your current Jacksonville, Orange Park, or St. Johns’ home or to short sale, we offer a free calculator to help arm you with the knowledge to make an educated decision.

Still undecided? Contact me today. I’m a Certified Distressed Property Expert and can help you sell your home. We specialize in short sales and military relocations and can offer you a free comparative analysisof your home to get started on the path to selling your home today.